This article is more than 5 years old. Information may no longer be current.
Stryker announces offer to acquire Trauson Holdings Company Limited
Click Here to Manage Email Alerts
Stryker Corporation and Trauson Holdings Company Limited announced that Stryker will make a voluntary general offer to acquire all the shares of Trauson for a total consideration of $764 million in an all-cash transaction.
According to a press release, Trauson’s controlling shareholder, Luna Group, will accept Stryker’s offer by tendering 61.7% of the Trauson shares toward the offer. With this acquisition, Stryker hopes to expand its presence in the Chinese orthopedic market. The deal is expected to close in the second quarter of 2013.
“The acquisition of Trauson is a critical step toward broadening our presence in China and developing a value segment platform for the emerging markets through a well established brand,” Kevin Lobo, president and chief executive officer of Stryker, stated in a press release. “The acquisition of a leading player in the Chinese trauma and spine market underscores our commitment to strengthening our presence globally. With its research and development expertise, manufacturing capabilities and strength of its distribution network, Trauson is a compelling opportunity for Stryker to drive growth in China and other emerging markets for years to come.”